On August 25, 2008, we reviewed a collection of 15 different personal finance applications for the iPhone and iPod touch in a roundup entitled iPhone Gems: Every Personal Finance Application, Reviewed. This review contains a review of one application from that roundup; additional comparative details can be found in the original full story.

Day Bank ($4) from Quantum Quinn is a basic finance management application with support for multiple accounts. Once an account has been created, users are dropped into that account’s view on launch. This view lists recent transactions, including the name, amount, date, and category, with green icons for deposits and red icons for debits. The account name is listed prominently at the top, with the balance appearing at the bottom. An edit button lets users delete transactions, a tools button provides access to preferences for date format, transaction sorting order, and passcode protection, while both the add button and the write button allow the user to enter a new transaction.

Day Bank’s two new transaction buttons relate to its two modes of entry: standard and quick. The write icon leads to a quick entry screen, where users can input a name, amount, type, category, and memo for the transaction, while tapping the add button leads to the full new transaction screen, which offers the same fields as the quick entry screen, along with date, account, and image. Images can only be added after a transaction has been saved, and the user can choose to take a new picture or use an existing photo from the camera roll.

Back in the account view, a book icon leads to the account selection screen, where users can hit the add button to add a new account, with a name, memo, and description information, tap on the blue circle next to an existing account to edit its information, or hit a folder button to manage their categories. As with several other financial apps for the iPhone priced between $3 and $4, Day Bank’s issues lie in its value: it does what it claims to do, but little more, and lacks some features found on lower priced alternatives. A lower price and/or a more robust feature set might make Day Bank a better buy, but for now, it falls short of our recommendation.

Editors' Note: iLounge only reviews products in "final" form, but many companies now change their offerings - sometimes several times - after our reviews have been published.
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